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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
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<p>[QUOTE="Anonymous, post: 5091495"]<b>Stockholder</b></p><p><br /></p><p>As I know executive management and board of directors read Cafe Pharma I would like to add my perspective. I did vote to oust the existing Board due to poor company and stock performance. I would vote again to oust the existing board if given the opportunity. Considering the fact that stock holders are at risk of losing 100% of their investment with the even declining stock price. </p><p>I work in the industry and have a difficult time understanding how this launch has gone so wrong. It's not rocket science to understand that formulary acceptance is key in our healthcare environment. Discounts and rebates are expected not negotiable (although negotiated based on market share growth). I don't feel this current board has the background or credentials to lead this company or these products. It is true that obese people most likely put out large sums of money on others meds to treat comorbidies like diabetes but patients have never seen medication as worth the cost. You cannot use the cost of your meds to impress people you don't know and don't like as you can with a car, house, etc. </p><p>You have to get people on drug to grow market share and increase word of mouth. Considering the money spent on this Board of Directors and executive management I recommend they all take a serious pay cut and put that money in discounts, rebates and formulary approvals. Your stockholders are feed up. We passed disappointed a long time ago. Get your act together or resign! Fulfill the promises you made when you called to lobby for my vote![/QUOTE]</p><p><br /></p>
[QUOTE="Anonymous, post: 5091495"][b]Stockholder[/b] As I know executive management and board of directors read Cafe Pharma I would like to add my perspective. I did vote to oust the existing Board due to poor company and stock performance. I would vote again to oust the existing board if given the opportunity. Considering the fact that stock holders are at risk of losing 100% of their investment with the even declining stock price. I work in the industry and have a difficult time understanding how this launch has gone so wrong. It's not rocket science to understand that formulary acceptance is key in our healthcare environment. Discounts and rebates are expected not negotiable (although negotiated based on market share growth). I don't feel this current board has the background or credentials to lead this company or these products. It is true that obese people most likely put out large sums of money on others meds to treat comorbidies like diabetes but patients have never seen medication as worth the cost. You cannot use the cost of your meds to impress people you don't know and don't like as you can with a car, house, etc. You have to get people on drug to grow market share and increase word of mouth. Considering the money spent on this Board of Directors and executive management I recommend they all take a serious pay cut and put that money in discounts, rebates and formulary approvals. Your stockholders are feed up. We passed disappointed a long time ago. Get your act together or resign! Fulfill the promises you made when you called to lobby for my vote![/QUOTE]
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Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Vivus Pharmaceuticals
>
state of Vivus
>
Cafepharma Message Boards | Pharma Sales, Device Sales, Lab Sales
Home
Forums
>
Pharma/Biotech Companies
>
Vivus Pharmaceuticals
>
state of Vivus
>